Evening star. [volume] (Washington, D.C.) 1854-1972, 1887-12-21
THE BROTHER OF THE GROOM.
GOLD AND SILVER.
Mr.. Askins0m's Report ON the Precious
Metals

The President to-day transmitted to Congress
the report OF Mr. Edward Atkinson, Of Massachu.
sets. "who," he says, "was specially designated
by me, under the provisions Of successive acts OF
Congress, to visit the financial centers of Europe
In order TO ascertain the feasibility OF establish
ing by International standard fxity Of ration
between the two precious metals in free coinage
OF both"
WHAT SECRETARY BAyARD SAYS or MR.. ArKINsoNs
MISSION.
Secretary Bayard, In presenting the report to the
President, said: "Mr. Atkinson was instructed by
me in substance that you considered 1t your duty
to obtain for the beneft OF the American people
be had In the Official and financial circles OF the
leading European states, namely, England, France,
and TO this END IL WAS 1na.
listers abroad and aided by their introduction per
sonally TO such European officials as he might
he should obtain the most Intelligent and author
itatye opinions upon tn present status and prob
able future OF the TWO metallic currencfes with
view TO the retention OF both OF the precious
metals for full legal-tender coinage
MR. ATKINsoNs SUGGESTIONS
as to the probable increased use o: silver coin to
meet the extensive commercial demands OF the
new and vast standardization In both hemis-
pheres proceeding paf passu with their produc-
ton Of raw or partly manuiactnred materials
used with important effect In shaping the consen-
sus OF public opinion among the commercial states
which may enable them TO arrive ava common
Mr.. Atkinson was further informed that You
thought IL to % your duty to relax no effort to
clal nations 10 establish such liked International
ratio or universal equivalent between the Two pre-
cious metals as will permit the tree coinage OF
gold and silver alike.
THE IMPORTANT DUTY
thus indicated was undertaken by Mr. Atkinson,
md off nd fact Ufv n m
partment to enable him to accomplish salts
has executed the duties thus devolved upon
him and made q report thereon 70 vow, which
with certain addenda which contains much
information collected BY him In relation TO the
snoSwisdse this SUBJECT viii Ss found
TO be OF great.r value than that OF Prof Adoiph
Saltbeer In his treatise upon ~The Materials
the QUESTION Of standard Value" Follow.
ing the earnest recommendations OF nj.
Atkinson, I have obtained accurate translation
this work BY the hand Of the distinguished scholar
and political economist, Prof. r. w. Pausstg. Of
Harvard University, all or which now respectfully
submit"
Nh. ATKINSON euNNAHlzB THR RESULT
Of his inquiries under four heads as follows: NO.
There is no prospect Of any change in the present
monetary system OF European states which can
modify or influence the financial policy Of the
United states ut the present time"
2. There are no indications Of any change u the
policy OF the financial authorities OF the several
states visited by mo which warrant any expecta-
c0n that the sueject n n-metallic treaty for 4
age Of silver, WITH be ser16usly considered at the
present time by them.
There Is no indication that the SunJect Of BIZ
consideration OUTSIDE ~ . small circle In each
country named Is . pFODaole or possible remedy
tor the exlatng causes q alleged depression y
trade,
!. Thers y no ecpsadsrsnas politscally opsanized
booy Of inGnential persons N e1ther COUNTRY vita
comhlnaaa0n, OF eeEp0setion. were desirable
| - tAe paH a. ia si0tlae eody n tne
United ssstss icr pso@cs,sg az Ssn.sse q ssasss
| aApQetoa q Sh0 knGtallie theory according e
| tne conM0nl1-ancQPfo4 UnoA1QG - thnt pUm
1 ssr S ess "a .,,As = e sa%'s 3